Meet a 28-year-old house hunter who put in 15 bids and lost 2 contracts over the past year: 'They ghosted me like a dude from a dating app'
Nader said she originally wanted to buy a house under $400,000 so she could pay it off in 10 or 15 years rather than 30 and"actually own it," but the lack of starter homes caused her to increase her budget by $200,000.
But Nader just wanted to close and was willing to eat the difference. Come closing day, though, the seller never showed up."Doesn't answer emails, doesn't answer phone calls, is ignoring the realtor," Nader said."They completely ghosted me like a dude from a random dating app." But things only continued to go downhill. About a week before closing was scheduled on the second house and after the due diligence inspection and appraisal had already taken place, the second seller's lawyer claimed Nader was in breach of contract and threatened her escrow funds if she didn't sign a paper that released her from the contract.
The more housing inventory has dwindled, the more expensive homes have become — and the lower the share of first-time buyers. The national median home sale hit a record high ofthis June, more than $80,000 compared to the same month in 2019. As of July, the percentage of first-time home buyers making purchases had dropped to 31% from 36% in April 2020, according to data from the National Association of Realtors .for the foreseeable future as affordability challenges persist.
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